MetaTrader 4 (MT4) Brokers in Canada

The 5 brokers on this page, ranked

Ordered by score, highest first, among the five brands on our list with MetaTrader 4: all five scores come from our global testing.

1. OANDA
2. FXCM
3. FOREX.com
4. CMC Markets
5. AvaTrade

Which 5 brokers on our CIRO dealer list offer MT4 in Canada?

CIRO dealer member, CIPF member

1. OANDA

88.3/100

Global score

#1 of 5 on this page

OANDA review

Visit OANDA

Beside MetaTrader 4, its Canadian site names: OANDA Web, OANDA mobile app (iOS/Android) and TradingView

Offered through Friedberg Mercantile Group Ltd.

2. FXCM

68.6/100

Global score

#2 of 5 on this page

FXCM review

Official site

Beside MetaTrader 4, its Canadian site names: Trading Station (web/desktop/mobile), TradingView (live trading integration) and API trading

CIRO dealer member, CIPF member

3. FOREX.com

67.6/100

Global score

#3 of 5 on this page

FOREX.com review

Visit FOREX.com

Beside MetaTrader 4, its Canadian site names: FOREX.com web, FOREX.com mobile, FOREX.com desktop, TradingView and MetaTrader 5

CIRO dealer member, CIPF member

4. CMC Markets

64.6/100

Global score

#4 of 5 on this page

CMC Markets review

Official site

Beside MetaTrader 4, its Canadian site names: CMC Markets web platform, CMC mobile app, MetaTrader 5 and TradingView (CMC platform accounts only)

Offered through Friedberg Mercantile Group Ltd.

5. AvaTrade

64.5/100

Global score

#5 of 5 on this page

AvaTrade review

Official site

Beside MetaTrader 4, its Canadian site names: WebTrader, MetaTrader 5, AvaOptions (desktop/iOS/Android) and Friedberg Direct / AvaTrade mobile app

MetaTrader 4 at the 5 brokers, side by side

The table shows MT4 as each firm names it. AvaTrade adds MT4 for Mac alongside WebTrader; FOREX.com lists MT4 on its Standard account. The spread column carries each firm’s advertised figure: OANDA 0.6 pips typical, CMC Markets 0.5 pips minimum, AvaTrade 0.6 pips as its “standard spread,” and FOREX.com “as low as 1.0.” FXCM and AvaTrade are both offered through Friedberg Mercantile Group Ltd. MT4 at CMC Markets needs a separate Standard or FX Active account, without the CMC platform or TradingView. I would weigh that separation against how you trade.

Three brands here, FOREX.com, CMC Markets, and AvaTrade, also name MetaTrader 5 on their Canadian pages, and you can compare them on our MetaTrader 5 page.

All five brands here also offer a demo account, but note that FOREX.com’s MT4 demo lasts 30 days unless trades are open, while its main demo lasts 90 days after sign up.

Among the brokers above, OANDA and FOREX.com state on their Canadian sites that the trading week opens Sunday at 5:00 p.m. ET and closes Friday at 5:00 p.m. ET, the hours our forex market hours in Canada page works from.

Some of the abbreviations on this page are expanded to the regulator's full name: a broker regulated by CIRO is regulated by the Canadian Investment Regulatory Organization.

CIRO and CIPF for the five brands with MetaTrader 4: the four dealer members in the table above are all in the CIRO dealer directory and all four on the CIPF member list, read September 26, 2026; each entry is on CIRO-Regulated Forex Brokers in Canada.

MT4 accounts by dealer

OANDA lists MT4 on its Standard account and Elite Trader program; FXCM says any account can trade from any platform; FOREX.com puts MT4 on its Standard account, not on RAW Pricing; CMC Markets requires a separate MT4 account; AvaTrade has you pick MT4 at sign-up, naming no account.

OANDA gives both its Standard account and its Elite Trader program the same two pricing choices: core pricing with commissions, or spread-only pricing. Its Canadian platforms page, read October 11, 2026, lists EUR/USD at 0.6 pips typical. Its core spreads page, read October 11, 2026, lists 0.0 pips minimum plus C$1 per 10,000 units on MT4 when you deposit C$10,000 or more. I’d ask OANDA about core pricing below C$10,000, which that page leaves open.

FXCM’s rate card, dated June 25, 2026, folds opening and closing fees into the spread and reserves commission pricing, EUR/USD US$5.00 per 100,000 lot per side in a USD account or C$7.00 in a CAD account, for accounts designated in writing. Its MT4 page adds two terms: FXCM caps account equity and prints no figure, and MT4 leaves commissions out of pre-trade margin calculations on pending orders, so an order opened on thin usable margin can face a margin call immediately after execution. I would read that last term as a reason to keep a buffer of usable margin before you open your next MT4 trade.

FOREX.com’s trading-costs page carries MT4 on its Standard account at EUR/USD as low as 1.0 pips, commission free, and leaves RAW Pricing to its platforms and MetaTrader 5.

CMC Markets’ comparison page, read October 7, 2026, gives the separate Standard account forex spreads from 0.5 pips and no separate forex commission. Its FX Active page, read October 29, 2026, prices EUR/USD from 0.0 pips plus US$2.50 per US$100,000, US$5 to open and close, charged upfront on your MT4 trades.

AvaTrade’s MT4 page (read October 29, 2026) quotes a “$100” minimum deposit, naming no currency; its help centre (read October 12, 2026) disagrees: C$300 for CAD accounts, US$250 for USD accounts. Its pages print three EUR/USD figures: 0.6 pips (product guide, read October 29, 2026), 0.5 pips (instrument index, read October 12, 2026), “as low as 0.9 pips” (forex page, read October 12, 2026). I’d confirm with AvaTrade: its guide (read September 26, 2026) says it charges no commissions, its forex page calls them low, and no figure names accounts or platforms.

OANDA’s margin rates page, read October 11, 2026, lists EUR/USD at 20:1 on CAD accounts at OANDA (Canada) Corporation ULC, a ratio that works out to a margin of 5% of the position’s value. FOREX.com’s margin page gives CAD-based accounts 5% and USD-based accounts 3%, and notes “MMR on MetaTrader could be higher,” so your MT4 margin can exceed its published figure. The questions below cover the checks before you open, from dealer verification to demo terms.